U.S. Budget Deficit Narrows in First Half of Fiscal Year

Government on Track for Smallest Budget Deficit in Six Years

WASHINGTON—The U.S. budget deficit narrowed in the first six months of the fiscal year, putting the country on track for its smallest budget deficit in six years.

The U.S. government's deficit from October through March totaled $413.26 billion, down 31% from the same period a year earlier, the Treasury Department said Thursday in its monthly report. The 2014 fiscal year started on Oct. 1.